Latest Headlines – Page 20
-
ArticleEuropean rebound fueled Safilo Q1 growth
After having posted a slight decline in net sales for the last quarter of 2021, the Safilo Group resumed its growth trajectory in Q1 2022, posting revenues of €282.6 million, up by 8.4 percent in constant currencies compared to the same period last year. The company stressed that its sales ...
-
ArticleMarcolin builds on 2021 momentum in Q1
After bouncing back from the Covid-19 pandemic in 2021, the Marcolin Group built on its recovery in the first quarter of 2022, with sales posting a 19.5 percent year-on-year gain to reach €129.8 million and rising 15.3 percent at constant currency rates. Sales in financial year 2021, for which results ...
-
ArticleItalian eyewear recovery driven by eyeglasses’ frames
The 2021 Italian eyewear report by ANFAO published ahead of the Mido show conveyed a sense of relief after a strong rebound of production and exports last year, but also serious concerns for the future, directly and indirectly linked to the war in Ukraine. Italian eyewear production, of which 90 ...
-
ArticleFielmann sales up 9% in Q1 despite headwinds
During its annual results presentation yesterday, the Fielmann Group confirmed it had reached record external sales of €1.94 million for the full year 2021, as announced in February with its preliminary figures. The company also presented its results for the first quarter of the current year during which the revenue ...
-
ArticleMIDO on the starting blocks
After two blank years due to the pandemic, the teams of MIDO are finally on the starting blocks to celebrate the 50th birthday of the show with an in-person edition at the Fiera Milano Rho fairgrounds in Milan from April 30 to May 2. Contrary to other international trade shows ...
-
ArticleOptic 2000 group just over €1bn in revenue last year
Groupement Optic 2000, one of the leading optical retailers in France, has reported a 17 percent year-on-year increase in revenue to €1,010 million for 2021. This includes annual sales of its two optical banners, Optic 2000 and LISSAC, the business of its buying groups, Gadol in France and Optic Swiss ...
-
ArticleRussian contact lenses market in turmoil
Russia experiences a temporary shortage of Johnson & Johnson’s Acuvue contact lenses due to panic buying and logistics disruptions, the Russian newspaper Kommersant reported, quoting optical retailers. The Russian retail chain Happy Look said that Acuvue accounted for 50 percent of the Russian contact lenses market, and from 70 to ...
-
ArticleStrong Q1 for Essilux
Except for a slight deceleration in the U.S. market, all lights were green in the first quarter of the 2022 fiscal year for EssilorLuxottica with its two operating segments and all regions gaining momentum compared to the previous quarter. In reported terms, total revenue jumped by 38 percent year-on-year to ...
-
ArticleRevenue boost for Kering Eyewear in Q1
Kering Eyewear quarterly revenues reached €300 million for the first quarter of 2022, a significant jump from the €185 million reported in the previous year. The eyewear division of Kering was the fastest growing unit in Q1 for the French luxury group, whose total reported sales increased by 27 percent ...
-
ArticleNew French retailer wants to ride the healthcare reform wave
Droit de Regard, a new French optical retailer addressing the low-cost segment of the optical market has announced it just raised €2.4 million in new funds from a dozen of private investors. The injected capital will mostly serve to finance the expansion of the banner’s retail network and to increase ...
-
ArticlePro Optik reports strong growth, plans further digitization
Pro Optik reported strong results in 2021, outperforming the sector despite recent market headwinds, and consolidating its third place in the ranking of optical retail banners by sales in Germany, the company announced. Sales increased last year by around 11% to €144 million from €130 million in 2020, driven by ...
-
ArticleLens maker Shamir invests in eye tracker Blink
Shamir Optical, manufacturer of progressive and single-vision lenses and molds, is purchasing a stake in Blink Technologies, a company headquartered in the tech-rich city of Palo Alto, California, and whose chief product is software that tracks eye movements across screens and makes it possible to use such movements to perform ...
-
ArticleEssilux wraps up GrandVision buy-out, changes top management
EssilorLuxottica announced on April 14 the successful completion of its public offer for the GrandVision shares that it did not own yet and the buy-out of the retail group’s remaining shareholders. The Italo-French industry giant now holds 100 percent of GrandVision shares. The finalization of the takeover comes almost three ...
-
ArticleSales of contact lenses in Europe rebound slightly over 2019 level
Euromcontact, the European federation of national associations and international contact lens manufacturers, calculated that the market value for soft contact lenses at wholesale level increased by 14.3 percent year-on-year to €1,991 million last year in the 34 countries researched. The list includes mostly European countries but also the U.A.E., Egypt, ...
-
ArticleEssilorLuxottica to acquire Fedon
Taking another step forward in its vertical integration, EssilorLuxottica has announced its intention to acquire 90.9 percent of the share capital of Giorgio Fedon & Figli, the Italian supplier of eyewear cases and leather goods. The new investment by the Italo-French group is reminiscent of the take-over of Barberini in ...
-
ArticleChristopher Cloos swaps shares for ads with U.S. media group
Christopher Cloos, a Danish-based brand of sunglasses and prescription eyewear, has signed an unusual share deal with a360 Media, a U.S. publisher of magazines and websites focusing on celebrities’ news and health and fitness. The eyewear company has agreed to sell 9 percent of its shares to the media house ...
-
ArticleMykita fully switches to sustainable acetate
MYKITA and Eastman have jointly announced that the independent eyewear company would exclusively source the U.S. specialty chemical company’s Acetate Renew for all its acetate material needs, as of last March 30. While several other eyewear brands have joined Eastman’s Acetate Renew’s program in the last months, the Berlin-based eyewear ...
-
ArticleEyewear industry stock prices down 13% in Q1
The first quarter of 2022 was the worst quarter for global equity markets since the first quarter of 2020 when the Covid-19 pandemic started spreading worldwide, leading to travel restrictions and lockdowns and prompting stock markets to collapse in March. Since the start of this year, the U.S. equity market ...
-
ArticleMister Spex looks to accelerate revenue growth in 2022
The Germany-based omnichannel retailer Mister Spex expects to bump up growth in its top line this year, forecasting a double-digit growth rate that is “slightly higher” than the 18 percent increase in revenues seen in 2021 and allows it to continue to grow faster than the market as a whole. ...
-
ArticleAfflelou sales rebound in Q2 after Q1 drop
The Afflelou group has reported a slight year-on-year increase in network sales for the second quarter of its 2022 fiscal year, ended Jan. 31, rebounding from a 4.9 percent drop in the previous quarter. The growth was limited to 3.2 percent versus 2021 as the stores’ activity was still impacted ...
